Property Prices in Thane

Property Prices in Thane

Today, Thane has transformed from a place with just basic electricity and water supply to a real estate hub with all amenities. Modern projects here offer facilities that include lush green gardens, improved security, clean environment, and improved access to healthcare facilities and have hence, affected the city’s property prices significantly.

Factors Responsible For Varying Thane’s Property Rates

The property prices in Thane cater to people of all socio-economic backgrounds.

1. Becoming a real estate hotspot now, Thane is one of the few cities that is garnering home buyers' attention.

As a result, Thane’s home prices are becoming higher as compared to other cities in Maharashtra, and it has every reason to be so.

2. In the past few years, owing to its top-notch amenities, property prices in Thane have increased significantly, which has nudged more buyers to take an interest in Thane’s real estate market.

3. Thane’s property rates also vary depending on several other factors like infrastructure, connectivity, demand, and supply of new housing units.

Property Charges in Thane

The local municipal corporation governs Thane’s real estate. Anyone who owns a property in Thane needs to get their property registered with the local municipal corporation. The municipal corporation then levies stamp duty and a registration fee on the property and charges property tax from the owner.

This is an important step to prove your ownership of a property in Thane legally. Any failure to have your property stamped or registered in Thane can result in a penalty fee.

Property prices in Thane or, in fact, anywhere else are affected by a variety of factors, including their location (closeness to amenities like schools, markets, and connectivity), neighbourhood, and the age of a building.

Another standard cost linked with Thane's flat prices is the maintenance fees. The developer charges this fee to regularly upkeep the common areas of a property.

In the past few years, Thane’s property market not only saw a massive jump in housing demand but also climbed the priority list of buyers, resulting in a surge in Thane's real estate prices.

Homes in Thane: There’s Room For Everyone!

A property in Thane could be for sale by the owner, like a house on an independent plot of land or selling a residential unit in a developer project.

But mostly, builders in Thane, generally list their whole project for sale and then sell out individual units from the project. Thane mainly consists of properties like independent houses, apartments, and builder floors. These can be found in townships, multi-unit apartment buildings, or standalone plots.

These developers have various affordable projects that offer a range of low-budget flats in Thane. Furthermore, the builders also have a list of projects that promise buyers luxury flats in Thane priced reasonably. These properties in Thane furnish buyers with space, convenience, and dynamic modern homes.

These housing options are often bifurcated as per the number of rooms suitable for singles, couples, or families of 5-6 members. This was done to cater to the socio-economically diverse population of the city.

1 BHK Flats:

A 1 BHK has a separate living space, kitchen, bathroom, and bedroom. Thane's 1 BHK flat price ranges from moderate to high, depending on the apartment's location.

2 BHK Flats:

2 BHK includes 2 Bedrooms, Hall, and Kitchen. 2 BHK flats in Thane are more spacious and offer bigger rooms. Thane’s 2 BHK flats are priced higher than 1 BHK apartment.

3 BHK Flats:

3 BHK is a property with three bedrooms, a hall, and a kitchen. Thane’s 3 BHK prices vary as per their availability in the market at a reasonable range and have added amenities and luxuries.

With Clicbrics, explore a list of housing options that fit every family, check their estimated property prices in Thane and make an informed home-buying decision.